Silver Spruce Resources (CVE:SSE) Trading Up 200% – Here’s Why

Silver Spruce Resources Inc. (CVE:SSE) shares were up 200% on Thursday . The company traded as high as C$0.02 and last traded at C$0.02. Approximately 10,292,470 shares traded hands during mid-day trading, an increase of 2,871% from the average daily volume of 346,406 shares. The stock had previously closed at C$0.01.

Silver Spruce Resources Trading Up 200.0%

The business has a fifty day simple moving average of C$0.01 and a 200 day simple moving average of C$0.01. The stock has a market cap of C$4.84 million, a price-to-earnings ratio of -1.00 and a beta of 1.34. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.17 and a current ratio of 0.61.

Silver Spruce Resources Company Profile

Silver Spruce Resources Inc, an exploration stage company, engages in the exploration of precious and base minerals. The company primarily explores for silver, lead, zinc, copper, gold, and base and rare earth elements. It holds 100% interest in the Pino de Plata project comprising four concessions covering an area of 397 hectors, located in the prolific Sierra Madre Occidental region of Western Chihuahua State in Mexico; and the Melchett Lake property covering an area of 4,698 hectares located within the English River Sub-province of the Archean-age Superior Province.